Bullion

In recent years, the term bullion has also been marketed by retailers to describe ingots or bars of base metals such as copper, nickel, or aluminium although the mining and refining industry does not use this term for base metals.

Description

Bullion refers to precious metals in bulk form which are regularly traded on commodity markets. The value of bullion is typically determined by the value of its precious metals content, which is defined by its purity and mass.

The specifications of bullion are often regulated by market bodies or legislation. In the European Union, the minimum purity for gold bullion, which is treated as investment gold with regards to taxation, is 99.5% for gold bullion bars and 90% for bullion coins.

To confirm the purity of the gold, a modern laboratory uses modern XRF technology to accurately assess its quality in order to ensure the owner receives fair market value for it. It is also weighed extremely accurately.

Bullion

In recent years, the term bullion has also been marketed by retailers to describe ingots or bars of base metals such as copper, nickel, or aluminium although the mining and refining industry does not use this term for base metals.

Description

Bullion refers to precious metals in bulk form which are regularly traded on commodity markets. The value of bullion is typically determined by the value of its precious metals content, which is defined by its purity and mass.

The specifications of bullion are often regulated by market bodies or legislation. In the European Union, the minimum purity for gold bullion, which is treated as investment gold with regards to taxation, is 99.5% for gold bullion bars and 90% for bullion coins.

To confirm the purity of the gold, a modern laboratory uses modern XRF technology to accurately assess its quality in order to ensure the owner receives fair market value for it. It is also weighed extremely accurately.

Gold tumbled by ₹ 200 to ₹ 30,050 per ten gram at the bullion market on muted demand from local jewellers and a weak trend overseas ...Sovereign also traded lower by ₹100 to ₹ 24,500 per piece of eight gram....